During the current year, the following manufacturing activity took place for a company's products. The beginning work in process
, 70% complete, was comprised of 10,000 units. Units started into production during the year totaled 150,000 units. A total of 140,000 units were completed during the year. The ending work in process, 25% complete, was comprised of 20,000 units. What was the number of equivalent units using the FIFO method? a. 138,000.
b. 140,000.
c. 145,000.
d. 150,000.
The product life cycle is the process of defining different phases of product going from one phase to another until it perishes from the market over a period of time. It helps companies to implement strategies according to the stage of the product in the market. The four phases of product life cycle are:
Introduction
growth
maturity.
Decline.
Introduction: It is an initial stage of a product, where a new product is released in the market and stakes are very high as it requires more investment and promotion.
In the given case, a company have developed a new product and introduced in the market, therefore the product is in introduction stage of product life cycle.
The main purpose as well as the cause of the failure of performance appraisal process is as described below-
Explanation:
Appraisal refers to the process (mostly formal) to evaluate the productivity of the manpower of an organisation. It serves for administrative as well as developmental purpose.
Performance appraisal serves three important purpose-
Providing adequate feedback to employees based on his/her performance.
It can help in modifying employee behaviour and thus contributing to an effective workspace environment.
Providing qualitative parameters to higher-order authority through which they can adjudge their subordinates.
However, appraisals occasionally fail in their motive due to following reasons-
Appraisals are prone to biases prevailing in the work environment. Moreover, the neutrality of the rating authority is also often under the scanner.
The appraisals are often inflicted by sampling error. The conclusion of few cannot be generalised on all.
Appraisals don’t take into account the variability of the employee's performance, Rather it relies on the end performance and the start.
The resource would be most helpful for this careeronestop hence option A is the correct answer.
<h3>What is Careeronestop?</h3>
Careeronestop is an online tool that seeks to help job seekers and the unemployed get the right information they need about their next job or the job they are about to apply to.
Careeronestop provides resources ranging from videos, training, and workshops.